JSW STEEL Analysis

Gaps pending
Downside: 552.50
Upside: 602
Supports: 571/566/559 & 552.5
Resistances: 576.9/583.25/593.9 & 602.95

Conditions applied:

Con 1: If we witnessed Gap up opening nearby 583.25, Wait for breakout & then take long position accordingly with the given levels.

Con 2: If we see sideways opening, then need to watch Volume & OI & then take position.

Con 3: If we witnessed Gap down opening, Wait for support breakout in 15 min candle then only go with short positions.

Note: OI & Volume to be considered in all the trades.